EXIM 1 . 2.pptx

Export and import are two trade functions of any country of the world. It's just trade between two countries; transnational buying and selling. To facilitate just trade practices and to promote world economical growth there are a lot of norm and regulation imposed by the participating countries. These slides the importance of World Trade Organisation in the process of buying and selling services, intellectual property rights, or goods across national borders. Let's discuss about WTO and the exim (export import) policies now.

1. EXPORT IMPORT PROCEDURES Transglobe Academy Babu Appat

2. EXPORT IMPORT PROCEDURES-UNIT-I

3. INTRODUCTION ECONOMIC LIBERALISATION IN INDIA SINCE 1991

4. EXPORT & IMPORT Export & Import Policies & Procedures Liberalisation, Globalisation, Privatisation World Trade Organisation (WTO)

5. WORLD TRADE ORGANISATION Transglobe Academy Babu Appat

6. Features of WTO Key talking points WTO is a permanent organization created by an international treaty ratified hy the governments and legislatures of member states. - It governs trade not only in goods, but also in services and intellectual property rights. Export and Import Procedures Economic Liberalisation The Indian Scenario Reasons and objectives Liberalisation, Privatisation Globalisation World Trade Organisation (WTO) Features of WTO Structure of WTO Objectives of WTO Functions of WTO, WTO Agreements

7. FEATURES OF WTO It is a member driven rule-based organization in the sense that all the decisions are taken by the member governments on the basis of a general consensus. It is the principal international body concerned with solving trade problems between countries and providing a forum for multilateral trade negotiations.. It has a global status similar to that of the IMF and the World Bank.Organisational Structure of the WTO Key talking points EXPORT AND IMPORT PROCEDURES ECONOMIC L I B E R A L I S A T I O N THE INDIAN SCENARIO REASONS AND OBJECTIVES LIBERALISATION, PRIVATISATION GLOBALISATION WORLD TRADE ORGANISATION (WTO) FEATURES OF WTO STRUCTURE OF WTO OBJECTIVES OF WTO FUNCTIONS OF WTO, WTO AGREEMENTS

8. W T O The organizational structure of WTO comprises the following [email protected]

9. W T O The organizational structure of WTO comprises the following [email protected]

10. W T O The organizational structure of WTO comprises the following [email protected]

11. After IMF and World Bank, World Trade Organization is the third largest organization which has its own functioning system. It is managed on democratic principles and it is managed by Director General. He is overall in charge of World Trade Organization. He is assisted by four deputy director generals. Each director is appointed for a period of four years. This director is elected by member countries.

12. M r . Rena t o G u g ur io w a s t he fi rst D . G . of Wo r ld T r ade O r gani z a t ion . I t i s a legal bod y . All membe r co u n tr ie s enjo y w o r ld p r i v ilege s and each membe r enjo ys one v o t e onl y . Wo r ld T r ade O r gani z a t ion ha s tw o co u ncil s i . e . t he mini st e r ial co u ncil and t he gene r al co u ncil . T H E W O R L D T R A D E ORGANIZATION ( WTO ) I S A N I N T E R G O V E R N M E N T A L O R G AN I Z A T I O N T H A T R E G U L A T E S AN D F A C I L I T A T E S INTERNATIONAL TRADE BETWEEN NATIONS .

13. GOVERNMENTS USE THE ORGANIZATION TO ESTABLISH, REVISE, AND ENFORCE THE RULES THAT GOVERN INTERNATIONAL TRADE. IT OFFICIALLY COMMENCED OPERATIONS ON 1 JANUARY 1995, PURSUANT TO THE 1994 MARRAKESH AGREEMENT, Ministry council is the highest authority. It is supported by general council. The Ministerial council meets at least once in every two years. General council is the lower body which is consisting representatives from member countries. World Trade Organization also has other council committees, working parties and negotiating groups for respective issues.

14. THE WTO FACILITATES TRADE IN GOODS, SERVICES AND INTELLECTUAL PROPERTY AMONG PARTICIPATING COUNTRIES BY PROVIDING A FRAMEWORK FOR NEGOTIATING TRADE AGREEMENTS, WHICH USUALLY AIM TO REDUCE OR ELIMINATE TARIFFS, QUOTAS, AND OTHER RESTRICTIONS; THESE AGREEMENTS ARE SIGNED BY REPRESENTATIVES OF MEMBER GOVERNMENTS The decisions are taken by majority of votes. Any decision relating to admission of a new member or any amendment in multilateral agreement requires at least 2/3rd majority

15. World Trade Organization has its own dispute settlement machinery. It has a dispute settlement panel to settle disputes. The complaints or objections raised by any country are referred to dispute settlement body , and then they dispute settlement body refer that complaint to dispute settlement panel for quick redressal. THE WTO IS HEADQUARTERED IN GENEVA, SWITZERLAND. ITS TOP DECISION- MAKING BODY IS THE M I N I S T E R I A L CONFERENCE, WHICH IS COMPOSED OF ALL MEMBER STATES AND USUALLY CONVENES B I E NN I A LL Y

16. S A L IE N T F E A T U R E S O F W O R L D T R A D E O R G A N IS A T IO N ( 9 F E A T U R E S ) Some of the most important salient features of world trade organisation are as follows: Non- Discrimination Free Trade Stability in the Trading System Promotion of Fair Competition Special Concern for Developing Countries Market Access Commitment Decision at the Ministerial Level Meeting Wider Range of Issues (i) Multilateral Trading System..

17. N O N - D I S C R I M I N A T I O N This is the most important principle on which WTO has been founded. The principle of non- discrimination means two things. (1) All trading partners will be granted the most favoured nation (MFN) status, , that is, , each member state of WTO will treat every other member state equally as the most favoured nation doing trade.

18. N O N - D I S C R I M I N A T I O N However, some exceptions have been provided in this regard, for example, in case regional trade agreements exist. (1) Foreign goods, services, trademarks, patents and copyrights shall be given the same treatment as is given to nationals of a country.

19. FREE TRADE: The objective of WTO, “ as in case of GATT " is to promote free trade among nations through negotiations. For this purpose WTO has to work for progressive liberalisation of trade through reduction in tariffs and removal of quantitative restrictions on imports by member countries.

20. STABILITY IN THE TRADING SYSTEM:

21. PROMOTION OF FAIR COMPETITION: WTO system of multilateral trading system provides for transparent , fair and undistorted competition among the various countries. Rules such as Most Favoured Nation (MFN) treatment to all trading parties , equal treatment to foreign goods , patents and copyrights as with nationals ensure fair competition among trading countries.

22. PROMOTION OF FAIR COMPETITION: Besides , WTO agreement provides for discouraging unfair competitive practices such as export subsidies and dumping (that is , selling products abroad below domestic prices to gain market access).

23. SPECIAL CONCERN FOR DEVELOPING COUNTRIES: Special c o n s i d e r a t i o n for developing countries COVERS SERVICES AND INTELLECTUAL PROPERTY RIGHTS

24. MARKET ACCESS COMMITMENT: WTO agreements which seek to e s t a b li s h m u l t ila t e r al t r a d i n g s y s t e m require the member countries to undertake market access commitment on reciprocity basis. In fact, market access is ensured by abolishing non-tariff barriers as well as by reducing tariffs.

25. MARKET ACCESS COMMITMENT: The understanding on market access requires that member countries will cut tariffs on industrialgoods and agricultural products by about 37 per cent. In order to provide market access for the products of developing countries to the USA. The USA agreed to cut down farm subsidies. The developing countries are also required to reduce agricultural subsidies to the level of 10 per cent of the value of agricultural produce.

26. MARKET ACCESS COMMITMENT:

27. DECISION AT THE MINISTERIAL LEVEL MEETING: Another feature of WTO agreement is that it has upgraded decision-making at the ministerial level . Important decisions regarding trade related matters are to be taken at the Ministerial level meetings. Ministerial level meetings have now been incorporated in the legal structure of WTO.

28. WIDER RANGE OF ISSUES: Another important feature of WTO is that it will deal with not only issues and disputes relating to trade in goods but also the whole range of issues concerning trade in services and intellectual property rights.

29. M U L T I L A T E R A L TRADING SYSTEM:

30. LET'S REMEMBER THESE TERMINOLOGIES Export and Import Procedures Economic Liberalisation The Indian Scenario Reasons and objectives Liberalisation,  Privatisation Globalisation World Trade Organisation (WTO) Features of WTO Structure of WTO Objectives of WTO Functions of WTO, WTO Agreements

31. HAPPY LEARNING FRUITFUL CAREER Wish you all success in your life Babu Appat

32. Wish you all success in your life Babu Appat